only for optionssellers For those who are seeking for which strike I have to sell
I'm giving strike for selling both CE and PE (short strangle) purely based on India vix volatility index
Sell CALL option 37600 CE anywhere between 37100-37350 and exist from it if breakout 1st resistance level 37450-37500 level (stop loss strike for call selling)
Sell PUT option 36800 PE anywhere between 37100-37350 and exist from it (STOP LOSS) if it breakdown immediate support level 36900-36850 level And caution SELL both PE and CE near expire that is 23rd sep expire because we can make profit through time decay and More importantly if it breakout/breakdown happens exist from only side and keep it otherside u will get more profit and if it stays between what I mentioned those levels then u will make great profit
I hope that it will helps a lot If you like it do follow and have a nice day 😊
🛑 BANKNIFTY traded in between the levels what I mentioned above and
🛑 It didn't break either one side and stays in between that range 🛑 that's means those taken trade today based on mine strategy they would made some good profits through the time decay
🛑 Tomorrow is expirey day and Theat ( It's time decay means as time passes option premium will fall in very strike of both CALL and PUT ) helps them a lot
🛑 as expirey day appear premium will fall and it's help for option sellers who are initiated trade
🛑that's why pre market levels were important I hope that it help a lot 😊
market closed at IST 3:30PM
🛑 BANKNIFTY traded in between the levels what I mentioned above and
🛑 It didn't break either one side and stays in between that range
🛑 that's means those taken trade today based on mine strategy they would made some good profits through the time decay
🛑 Tomorrow is expirey day and Theat ( It's time decay means as time passes option premium will fall in very strike of both CALL and PUT ) helps them a lot
🛑 as expirey day appear premium will fall and it's help for option sellers who are initiated trade
🛑that's why pre market levels were important
I hope that it help a lot 😊